Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Devon Energy
DVN
|
+$196M |
| 2 |
Verizon
VZ
|
+$166M |
| 3 |
Edison International
EIX
|
+$152M |
| 4 |
PPL
PPL Corp
PPL
|
+$122M |
| 5 |
Estee Lauder
EL
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameren
AEE
|
+$140M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$136M |
| 3 |
ANDV
Andeavor
ANDV
|
+$111M |
| 4 |
LyondellBasell Industries
LYB
|
+$105M |
| 5 |
ICPT
Intercept Pharmaceuticals, Inc.
ICPT
|
+$101M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 15.65% |
| 2 | Healthcare | 13.77% |
| 3 | Energy | 13.48% |
| 4 | Utilities | 8.99% |
| 5 | Financials | 8.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2326
Arrow Electronics
ARW
$10.6B
| $828K | ﹤0.01% |
13,956
-141,771
| -91% | -$7.72M |
|
|
MPT
2327
Medical Properties Trust
MPT
$2.41B
| $820K | ﹤0.01% |
+64,108
| New | +$823K |
|
2328
Hilltop Holdings
HTH
$2.21B
| $818K | ﹤0.01% |
34,373
-278,815
| -89% | -$6.63M |
|
|
UCB
2329
United Community Banks
UCB
$4.25B
| $818K | ﹤0.01% |
42,136
-182,182
| -81% | -$3.24M |
|
2330
Allot
ALLT
$388M
| $817K | ﹤0.01% |
+60,668
| New | +$958K |
|
2331
BlackBerry
BB
$5.07B
| $817K | ﹤0.01% |
101,080
-56,415
| -36% | -$529K |
|
2332
Franco-Nevada
FNV
$52.3B
| $816K | ﹤0.01% |
17,790
-112,539
| -86% | -$5.4M |
|
2333
Telephone and Data Systems
TDS
$3.82B
| $816K | ﹤0.01% |
31,131
-40,240
| -56% | -$1.02M |
|
2334
Enovis
ENOV
$1.43B
| $815K | ﹤0.01% |
6,634
+2,880
| +77% | +$331K |
|
2335
PUT
Patterson-UTI
PTEN
$4.68B
| $814K | ﹤0.01% |
+25,700
| New | +$715K |
|
|
HSTO
2336
DELISTED
Histogen Inc. Common Stock
HSTO
| $814K | ﹤0.01% |
500
-132
| -21% | -$276K |
|
2337
LG Display
LPL
$3.34B
| $811K | ﹤0.01% |
+64,886
| New | +$771K |
|
|
XCRA
2338
DELISTED
Xcerra Corporation
XCRA
| $811K | ﹤0.01% |
91,028
+79,728
| +706% | +$716K |
|
|
CBI
2339
CALL
DELISTED
Chicago Bridge & Iron Nv
CBI
| $810K | ﹤0.01% |
+9,300
| New | +$756K |
|
|
GG
2340
DELISTED
Goldcorp Inc
GG
| $809K | ﹤0.01% |
33,064
-176,500
| -84% | -$4.49M |
|
2341
PUT
Assured Guaranty
AGO
$3.34B
| $803K | ﹤0.01% |
+31,700
| New | +$750K |
|
2342
Encompass Health
EHC
$11.8B
| $803K | ﹤0.01% |
28,101
-439,968
| -94% | -$11.5M |
|
2343
NOV
NOV
$7.4B
| $803K | ﹤0.01% |
11,440
-476,369
| -98% | -$32.7M |
|
2344
CALL
Carnival Corporation Ltd
CCL
$34.2B
| $802K | ﹤0.01% |
35,300
+3,000
| +9% | +$119K |
|
|
CLC
2345
DELISTED
Clarcor
CLC
| $802K | ﹤0.01% |
13,977
-2,723
| -16% | -$157K |
|
2346
National Presto Industries
NPK
$1.09B
| $801K | ﹤0.01% |
+10,269
| New | +$802K |
|
|
INVN
2347
DELISTED
Invensense Inc
INVN
| $801K | ﹤0.01% |
+33,860
| New | +$708K |
|
|
BRP
2348
DELISTED
BROOKFIELD RESIDENTIAL PROPERTIES INC
BRP
| $801K | ﹤0.01% |
38,200
-45,703
| -54% | -$1.01M |
|
2349
Park National Corp
PRK
$3.58B
| $800K | ﹤0.01% |
+10,400
| New | +$820K |
|
|
GK
2350
DELISTED
G&K Services Inc
GK
| $798K | ﹤0.01% |
13,047
-7,663
| -37% | -$470K |
|
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Israel Englander's Q1 2014 Portfolio in Review
As of Q1 2014, Israel Englander held 4,356 positions worth $34.5B, up 8.9% from $31.7B the previous quarter. Its ten largest holdings account for 7.9% of the portfolio.
Israel Englander deployed $4.18B of net new capital in Q1 2014, opening 945 new positions and adding to 1,266 existing holdings. Its largest new stake was Bausch Health: 575,504 shares worth $75.9M.
By sector, the portfolio is most concentrated in Miscellaneous at 16% of assets, down from 25% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was Ameren, an estimated $140M trimmed.
- Israel Englander's largest Q1 2014 buy was Bausch Health: 575,504 shares worth $75.9M.
- Israel Englander added most to Devon Energy in Q1 2014, an estimated $196M increase.
- Israel Englander's biggest Q1 2014 reduction was Ameren, cutting an estimated $140M.
- Israel Englander fully exited PepsiCo in Q1 2014, selling an estimated $89.1M.
- Israel Englander's ten largest holdings make up 7.9% of its $34.5B portfolio in Q1 2014.
- Israel Englander opened 945 new positions and closed 958 in Q1 2014.
- Israel Englander's portfolio value rose 8.9% quarter-over-quarter to $34.5B.
Based on Millennium Management's 13F filing for Q1 2014, filed 15 May 2014.